VASCO Data Security International Beats on Both Top and Bottom Lines
Aug 14th 2012 10:18AM
Updated Apr 26th 2013 6:55PM
VASCO Data Security International (NAS: VDSI) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), VASCO Data Security International beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share increased. GAAP earnings per share grew significantly.
Gross margins shrank, operating margins grew, net margins grew.
VASCO Data Security International booked revenue of $35.4 million. The four analysts polled by S&P Capital IQ foresaw sales of $34.8 million on the same basis. GAAP reported sales were 9.6% higher than the prior-year quarter's $32.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.06. The three earnings estimates compiled by S&P Capital IQ forecast $0.05 per share. Non-GAAP EPS of $0.06 for Q1 were 20% higher than the prior-year quarter's $0.05 per share. GAAP EPS of $0.07 for Q1 were 40% higher than the prior-year quarter's $0.05 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 65.3%, 250 basis points worse than the prior-year quarter. Operating margin was 7.7%, 80 basis points better than the prior-year quarter. Net margin was 7.9%, 200 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $40.6 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $161.9 million. The average EPS estimate is $0.43.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,905 members out of 1,970 rating the stock outperform, and 65 members rating it underperform. Among 436 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 428 give VASCO Data Security International a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VASCO Data Security International is hold, with an average price target of $8.63.
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The article VASCO Data Security International Beats on Both Top and Bottom Lines originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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